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Courtesy of Trueblood Real Estate, LLC., Richard Rutledge, Cell: 260-267-8220
4 Beds
2 Baths
1,320 sqft

$209,900

1605 W 4Th Street, Fort Wayne IN, 46808-2581

Built in1935
Property size1,320 sqft
Property typeMulti-family

Overview

Active

Updated 19h ago

EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE HEART OF FORT WAYNE! This income-producing duplex boasts an impressive rental history of $1,100 per unit per month, generating $26,400 in annual gross rental income and historically NETTING $20,150 ANNUALLY AFTER EXPENSES! Whether you're a seasoned investor or just getting started, this property offers outstanding cash flow potential with low operating expenses!. Both units feature separate gas and electric meters, with tenants paying their own elect/gas, along with individual gas forced air furnaces and water heaters for each unit. The owner pays only water and trash, averaging just $120 per month. LOW PROPERTY TAXES add even more appeal at only $2,134 annually with NO exemptions. Both units enjoy basement access with separate laundry hookups, while the lower unit has been refreshed with ALL NEW PAINT AND CARPET! The detached garage provides even more opportunity, offering convenient personal storage or the potential for ADDITIONAL RENTAL INCOME! Conveniently located in the heart of Fort Wayne, this duplex delivers the perfect combination of proven rental history, attractive operating expenses, and additional income potential. STRONG CASH FLOW, LOW TAXES, AND EXCELLENT INVESTMENT POTENTIAL. Don't miss your chance to add this income-producing property to your portfolio.

$1,396/mo

Est. mortgage payment based on a $209,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202646637

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

Other Property Details

Taxes
$2,134
Tax Frequency
Annually
Maintenance Expense
$1,000
Municipality
Wayne
Pets Allowed
Yes
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 5:07 AM UTC, 11/13/2026

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